ABC Transport returns to profitability as sector recovers

ABC Transport Plc has reported a profit before tax of N63.27 million for the second quarter of this year, compared with a loss before tax of N234.23 million in the same period of 2020.

The company, however, posted a loss after tax of N24.82 million, compared to N268.85 million in Q2 2020.

Its revenue increased to N1.67 billion from N1.17 billion, according to its unaudited financial statements.